Central Puerto Sa · BCBA:CEPU
Central Puerto Sa — Q1 2022 Earnings Presentation
13 slides from Central Puerto Sa's earnings presentation, May 13, 2022
Slide 1: 1Q2022 Results Call
1Q2022 Results Call May 13, 2022
Slide 2: Disclaimer
Disclaimer Additional information about Central Puerto can be found in the Investor Support section on the website at www.centralpuerto.com. This presentation does not contain all the Company’s financial information. As a result, investors should read this presentation in conjunction with Central Pu
Slide 3: 1Q2022 Results call - Agenda
1Q2022 Results call - Agenda ◼ 1Q2022 News ◼ Industry Overview ◼ Key Performance Indicators ◼ 1Q2022 Financials ◼ Q&A 2
Slide 4: 1Q 2022 News
1Q 2022 News Resolution SE N°238/2022 (April 21, 2022) • Updates remuneration prices for energy and capacity of generation units not committed under a PPA (Energía Base) • Replaces Annex I to V of the former Resolution SE No. 440/2021 and eliminates section 4 of the Resolution SE No. 1037/2021 • Inc
Slide 5: Industry overview
Industry overview Installed Capacity (MW EoP) 42,286 42,871 New installed capacity (1Q2022 vs 1Q2021): 4,382 (10%) 5,008 (12%) 1,755 (4%) 1,755 (4%) • Terminal 6: 100 MW (Thermal – CC – TV) • Los Teros: 123 MW (Renewable – Wind) 10,834 (26%) 10,834 (25%) • Loma Blanca 6: 102 MW (Renewable – Wind) •
Slide 6: Industry overview
Industry overview Energy Demand (GWh) 34,520 33,087 +4% • January and February showed increases and March a slight decrease. - 1% 15,551 14,743 ✓ Recovery of economic activity. ✓ Lower restrictions due to Covid-19 9,297 9,907 • Increase of energy demand focused on great demand + 4% users and commerc
Slide 7: Key performance indicators – 1Q2022
Key performance indicators – 1Q2022 Energy generation (GWh) +32% 159 50 897 4,585 3,479 1Q2021 Generation Thermal Units Hydro Generation Renewable energy 1Q2022 Generation Higher generation due to 26% increase in 14% increase in energy Terminal 6´s combined cycle energy generation generation due to
Slide 8: Key financial data – 1Q2022
Key financial data – 1Q2022 Adj. EBITDA exc Impairment & FONI FX Difference Revenues (in billions of Ps.) and interests (in billions of Ps.) +8.8% +26.6% 16.3 17.2 12.9 12.9 15.8 10.2 1Q2021 4Q2021 1Q2022 1Q2021 4Q2021 1Q2022 Net Income (in billions of Ps.) Debt Position (in billions of Ps.) +382.4%
Slide 9: Revenues
Revenues 1Q2022 Revenues (in billions of Ps.) 0.6 0.4 (0.1) 0.5 +8.8% 17.2 15.8 1Q2021 Revenues Δ Energia Base Δ Sales Under Δ Steam Sales Δ Other Income 1Q2022 Revenues Contracts Energía Base ▲ Increase in generation of 19%. ▼ Tariffs increase by Resolution 238/22 since Feb. 2022 of 30%, lower than
Slide 10: Adj. EBITDA excluding Impairment & FONI FX Difference and interest
Adj. EBITDA excluding Impairment & FONI FX Difference and interest 1Q2022 Adj. EBITDA excluding Impairment & FONI FX Difference and interests (in billions of Ps.) 0.2 0.6 0.5 1.4 +26.6% 12.9 10.2 1Q2021 Adj. Δ Revenues Δ Cost of Sales Δ Adm and Δ Other results, net 1Q2022 Adj. EBITDA* selling expens
Slide 11: Consolidated Net income of Ps. 4.8 billion or 3.18 Ps. per share
Consolidated Net income of Ps. 4.8 billion or 3.18 Ps. per share 1Q2022 Consolidated Net Income (in billions of Ps.) (1.1) (1.8) 7.2 2.7 4.8 +382.4% (3.2) 1.0 1Q2021 Δ1Q2022 Δ Results on net Δ Finance Δ Income Tax Δ Impairment, FONI 1Q2022 Consolidated Adj. EBITDA* monetary position Results Net FX D
Slide 12: Cash Flow bridge
Cash Flow bridge Cash Flow (in billions Ps.) (6.0) 8.1 (2.1) 0.3 0.1 (0.1) 0.3 Cash at the Operation CAPEX and Financing activities Exchange Loss on net Cash at the end begining of financial assets differences and monetary position of the period the period other financial results Operations ▲ Operat
Slide 13: Q&A Many thanks for your attention!
Q&A Many thanks for your attention! 12